Global rice glut set to hit Thai exportsWorkers unload sacks of rice in a warehouse in Nakhon Pathom. Charoen Laothamatas, president of the Thai Rice Exporters Association, said rice exports next year are expected to fall below the earlier estimate of 8.2 million tonnes. Vietnam has adjusted its rice export policy by importing cheap rice from India for domestic consumption and shifting to developing high-quality rice for export such as fragrant rice and soft texture rice with a higher selling price and added value. The United States Department of Agriculture projects that India will remain the largest rice exporter globally in 2025, with exports anticipated to reach 18 million tonnes, followed by Thailand (7.5 million tonnes), Vietnam (7.5 million tonnes), and Pakistan (5.6 million tonnes). This would affect global rice exports as Indian rice is cheaper than other rice-exporting countries.

Source: Bangkok Post August 01, 2024 02:38 UTC